- Jurisdiction
- Texas
I bought a Big Tex trailer a couple months ago from a private seller, everything went smooth and even registered it in Texas. It was financed by my local bank, and they did the registration for me.
A few weeks ago, I was contacted by a repo company that they were looking for the trailer and needed proof that it was registered under my name, everything was provided. Now the trailer is no longer out for repo but im left wondering what happens next. Will the original creditor reach out to me to take it back? how will this affect me? I seriously had no clue it was a repo and neither did my bank. No issue arose when processing the transfer. Can anyone give me any feedback? I am so stressed about this entire situation. The repo company cannot give me the creditor info and I cannot get ahold of the seller.
A few weeks ago, I was contacted by a repo company that they were looking for the trailer and needed proof that it was registered under my name, everything was provided. Now the trailer is no longer out for repo but im left wondering what happens next. Will the original creditor reach out to me to take it back? how will this affect me? I seriously had no clue it was a repo and neither did my bank. No issue arose when processing the transfer. Can anyone give me any feedback? I am so stressed about this entire situation. The repo company cannot give me the creditor info and I cannot get ahold of the seller.